50-year-old jeweler turns to Monetary Metals to grow its Dubai and Sharjah footprint
SCOTTSDALE, Arizona – 27 October 2026: Monetary Metals, the global Gold Yield Marketplace® platform, announces that it has completed a gold lease financing transaction for Kavitha Gold and Diamonds, LLC.(“Kavitha”). The lease finances Kavitha’s jewelry inventory for its expansion in the UAE, with further expansion planned through 2027.
Kavitha is a well-established regional jewelry retailer founded in 1976 in South India. It operates 12 showrooms across India and 2 showrooms in Dubai and Sharjah, with plans to expand its retail presence across key UAE locations through 2027.
Monetary Metals’ innovative true gold lease structure enables a physical gold-denominated lease facility, where clients retain title to their metal throughout the term. Every ounce is protected by tamper-evident RFID tracking and daily inventory reporting from TJS Inc., the asset assurance leader recently acquired by Monetary Metals.
Because Kavitha leases the gold rather than buying it or borrowing it, the company avoids gold price exposure and the burden of traditional debt financing, unlocking fresh capital to open new locations.
The lease simultaneously adds to Monetary Metals’ growing roster of premier UAE jewelry clients and advances the company’s mission of putting more of the world’s idle gold to work. Rather than sitting in storage and accruing fees, gold owned by Monetary Metals’ clients earns a compounding yield, paid in gold.
Keith Weiner, CEO and founder of Monetary Metals, said:
“Kavitha has spent five decades building its name in jewelry, and now it is bringing that experience to the UAE. A gold lease lets them stock their new showrooms with physical gold without tying up cash or taking on price risk. At the same time, our clients put gold that would otherwise sit idle to work and earn a yield on it, paid in gold. This is the future of gold. We are proud to bring Kavitha onto our gold yield marketplace platform.”
Prasad Thozhuthu Parambil, Director of Kavitha commented:
“When it came to financing options for our new Dubai showrooms, Monetary Metals was at the top of our list. They have demonstrated a deep understanding of our industry and have proven themselves to be a reliable financing partner for the region. We are excited to close this deal and look forward to doing more as we fund our expansion plans into 2027.”
Media Contacts:
Burson Buchanan
Louise Mason-Rutherford | Toto Berger | Abgail Gilchrist
[email protected]
+44 (0)20 7466 5000
Monetary Metals
Hillary Bowling
Communications and PR Manager
[email protected]
+1 480-808-1294
About Monetary Metals:
Monetary Metals delivers a yield on gold, paid in gold, via its Gold Yield Marketplace® platform, by offering gold-denominated financing to qualified companies in the precious metals industry.
Through its gold leases and gold bonds, investors and institutions worldwide earn a yield on gold and silver every month, compounding their holdings over time with no storage fees.
About Kavitha Gold and Diamonds, LLC.:
Kavitha Gold and Diamonds Private Limited was founded in 1976 and is a well-established regional jewelry retailer in South India, with 12 showrooms across India. Kavitha Gold and Diamonds, LLC. (Kavitha), its wholly owned subsidiary, is the Group’s operating entity in the UAE and currently operates two jewelry showrooms in Dubai and Sharjah.
